Explore the issues
Find more information on the issues deeply affected by private equity investments:
Refresco Workers Win Their Union — Vote by an Even Wider Margin to Join UE
The private equity firm KKR recently acquired a majority stake in Refresco, the world’s largest independent bottling company. Refresco produces beverages such as BodyArmor Sports Drink for Coca-Cola, Gatorade for Pepsi, Arizona Iced Tea, and Tropicana juices.
Garment Workers Win Concessions from Apollo Management’s Tegra amid Layoffs
Garment workers in Nicaragua and Honduras went on strike to fight back against layoffs due to factory closures. These factories are owned by Tegra, which is owned by the private equity firm Apollo Global Management. Sourcing Journal, June 7, 2021:…
NPR Continues Its Scrutiny of Pretium Partners’ Disproportionate Evictions of Black Renters
NPR correspondent Chris Arnold has been reporting on the financial struggle millions of Americans are facing amidst the ongoing coronavirus pandemic. In his third piece on how Black renters face eviction at much higher rates, Arnold again reported on…
Business Insider on Wall Street Firms Snapping Up Every Single Home They Can Find
Business Insider recently reported how Wall Street firms have been buying up thousands of homes — to rent them out to the same population they’re outbidding. Business Insider, June 16, 2021: Wall Street firms like BlackRock are snapping up…
Articles Highlight Roark Capital-Owned Fast Food Chains’ Struggle to Find Workers
Roark Capital is an Atlanta-based private equity firm that specializes in buying and running franchise businesses, especially within the food and restaurant industry. There have been a number of recent news stories about restaurants and fast-food chains struggling to…
The New York Times: Mobile Home Owners Fear Evictions as Pandemic Protections End
The mobile home financing market is dominated by five lenders, including 21st Mortgage and Vanderbilt Mortgage — two units of Clayton Homes, a Berkshire Hathaway business. Forty-two percent of manufactured home owners who borrow to buy a mobile home typically…
PERE News on Growing Scrutiny of Evictions by Ares Management’s and Pretium Partners’ Front Yard Residential, Private Equity Investments in Rental Homes
Evictions are just one of the headline risks that have cropped up around growing private equity investments in single-family rental homes. Concerns about private equity buyers inflating home prices and elbowing out first-time homebuyers have featured prominently in newspapers ranging…
Ares Management’s Head in the Sand Response to its Company’s Evictions of Black Renters
Private equity, real estate, and debt firm Ares Management last year partnered with Pretium Partners to acquire home rental firm Front Yard Residential. Months ago, we shared our report and data with Ares management documenting Front Yard Residential’s…
Buyouts: LACERS Commits to Roark Fund Despite Board Member Concerns: “How and When Are They Planning to Make Change?”
Private equity firm Roark Capital owns a number of fast food chains like Dunkin Donuts, Jimmy John’s, Sonic, Arby’s, and Buffalo Wild Wings. Roark’s portfolio companies and their franchisees employ almost a million workers. A report last year from…
Senate Banking Chair Questions Why Pretium Partners Has Filed Eviction Actions Despite the CDC Moratorium and at Higher Rates in Majority-Black Counties
In response to coverage by NPR and Bloomberg, Senate Banking Committee Chair Sherrod Brown is requesting a briefing by private equity firms Pretium Partners to talk about compliance with the CDC eviction moratorium and the company filing…
